Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the
holding company of Southside Bank (the “Bank”), has announced a
branch opening August 31, 2020 at The Domain in Austin, Texas. The
new space located at 11815 Alterra Pkwy., Ste. 100 is a
relocation of the Bank’s branch on North Mopac Expressway which
will close on August 28, 2020 at 5pm.
“We are thrilled to open our branch at The
Domain and establish a presence in this thriving hub of Austin,”
said Lee R. Gibson, President and Chief Executive Officer of
Southside Bancshares, Inc. “We look forward to increasing our
visibility in Central Texas and continuing to build strong
relationships through our commitment to serving customers and the
community.”
In addition to The Domain location, Southside
Bank operates a branch located at 1250 S. Capital of Texas Hwy.,
Bldg. 1, Ste. 101 in Austin. Both branches offer commercial banking
and real estate lending, as well as mortgages and consumer banking
services.
Southside Bank’s branch at The Domain will be
open Monday – Thursday 9 am to 4 pm and Friday 9 am to 5 pm. For
more information, please visit southside.com.
About Southside Bancshares,
Inc.
Southside Bancshares, Inc. is a bank holding
company headquartered in Tyler, Texas, with approximately $7.33
billion in assets as of June 30, 2020. Through its wholly-owned
subsidiary, Southside Bank, Southside currently operates 59
branches and a network of 80 ATMs/ITMs throughout East Texas,
Southeast Texas, Dallas/Fort Worth and Austin. Serving customers
since 1960, Southside Bank is a community-focused financial
institution that offers a full range of financial products and
services to individuals and businesses. These products and services
include consumer and commercial loans, mortgages, deposit accounts,
safe deposit boxes, treasury management, wealth management, trust
services, brokerage services and an array of online and mobile
services.
To learn more about Southside Bancshares, Inc.,
please visit our investor relations website at
https://investors.southside.com. Our investor relations site
provides a detailed overview of our activities, financial
information and historical stock price data. To receive e-mail
notification of company news, events and stock activity, please
register on the E-mail Notification portion of the website.
Questions or comments may be directed to Julie Shamburger at (903)
531-7134, or julie.shamburger@southside.com.
Forward-Looking Statements
Certain statements of other than historical fact
that are contained in this press release and in other written
material, documents and oral statements issued by or on behalf of
the Company may be considered to be “forward-looking statements”
within the meaning of and subject to the safe harbor protections of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not guarantees of future
performance, nor should they be relied upon as representing
management’s views as of any subsequent date. These statements may
include words such as “expect,” “estimate,” “project,”
“anticipate,” “appear,” “believe,” “could,” “should,” “may,”
“likely,” “intend,” “probability,” “risk,” “target,” “objective,”
“plans,” “potential,” and similar expressions. Forward-looking
statements are statements with respect to the Company’s beliefs,
plans, expectations, objectives, goals, anticipations, assumptions
and estimates about the Company's future performance and are
subject to significant known and unknown risks and uncertainties,
which could cause the Company's actual results to differ materially
from the results discussed in the forward-looking statements. For
example, discussions about trends in asset quality, capital,
liquidity, the pace of loan and revenue growth, the Company's
ability to sell nonperforming assets, expense reductions, planned
operational efficiencies, earnings, successful integration of
completed acquisitions and certain market risk disclosures,
including the impact of interest rates, tax reform and other
economic factors, are based upon information presently available to
management and are dependent on choices about key model
characteristics and assumptions and are subject to various
limitations. By their nature, certain of the market risk
disclosures are only estimates and could be materially different
from what actually occurs in the future. The most recent factor
that could cause future results to differ materially from those
anticipated by our forward-looking statements include the negative
impact of the novel coronavirus (“COVID-19”) pandemic on our
business, financial position, operations and prospects, including
our ability to continue our business activities in certain
communities we serve, the duration of the pandemic and its
continued effects on financial markets, a reduction in financial
transactions and business activities resulting in decreased
deposits and reduced loan originations, increases in unemployment
rates impacting our borrowers' ability to repay their loans, our
ability to manage liquidity in a rapidly changing and unpredictable
market, additional interest rate changes by the Federal Reserve and
other government actions in response to the pandemic, including
additional quarantines, regulations or laws enacted to counter the
effects of the COVID-19 pandemic on the economy.
Additional information concerning the Company
and its business, including additional factors that could
materially affect the Company’s financial results, is included in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2019, under “Part I - Item 1. Forward Looking
Information” and “Part I - Item 1A. Risk Factors,” “the Company's
Quarterly Report on Form 10-Q for the quarters ended March 31, 2020
and June 30, 2020, under Part II - Item 1A. Risk Factors” and in
the Company’s other filings with the Securities and Exchange
Commission. The Company disclaims any obligation to update any
factors or to announce publicly the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
Media Contact: Ashley Fettig |
903.531.7158 | ashley.fettig@southside.com
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